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Switches in remote control lighting systems generally require high voltage.
Accounts Payable
Liabilities of a business that are owed to creditors for goods and services purchased on credit.
Times Interest Earned
A metric used to measure a company's ability to meet its debt obligations, calculated by dividing earnings before interest and taxes (EBIT) by interest expenses.
Tax Rate
The percentage at which an individual or corporation is taxed, determining the portion of income or profits that must be paid to the government.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including the material and labor costs.
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